Business Setup In Dubai Healthcare City (DHCC)

INTRODUCTION

Dubai Healthcare City (DHCC) is a free zone that was established in 2002 and was designed for health and wellness. It is now recognized in the world as a place that has quality healthcare with a center for clinical and wellness services, medical education, and research and the International Society for Quality in Healthcare (ISQua) has accredited its quality standards. This Dubai free zone authority has two phases. Phase 1 is for healthcare and medical education. It is located at Oud Metha. Phase 2 is for wellness, and it is situated at the Dubai Creek. For simply the above-mentioned things, business setup in Dubai free zones is becoming a notable happening in the Dubai Healthcare free zone.

The number of partners of DHCC, which is composed of hospitals, medical centers, and diagnostic laboratories, is near 160. These partners are from more than 150 specialties. For businessmen who are planning a business setup in Dubai Health Care City, the legal form options are Free Zone LLC and Branch.

Business setup in Dubai Health Care City, like any other UAE free zones, is done through a systematic procedure that investors are expected to follow for a well-ordered processing for business formation in Dubai. It is not advisable to simply take business setup in Dubai lightly as it is not the kind of responsibility that is easily undertaken. Because of this, business setup consultants in Dubai are advised to be reached by your side as they will provide the information and advice that you need. Generally speaking, almost all Dubai freezone companies were established because of the help of consultants. It is, therefore, no surprise that besides the features that investors see in DHC, the success of company formation that happens there is a plus.

The role that business consultants in Dubai have in forming an organization is huge. They are the people that can provide the proper details about the business setup in Dubai free zones that can definitely guide you in making decisions.

As an example, it helps when an investor is aware of how much he’s going to spend on the establishment he’s planning to form. Therefore, having the figures on Dubai free zone company registration fees and Dubai free zone license cost can help create a budget plan that will serve as a guide on the amount that will be incurred in the first few months of the operation. This will also be the amount that will be targeted to be taken back while the business is growing. To have an even more detailed record and calculation, it is also helpful to know the Dubai free zone company setup cost.

Although they can answer any question that you throw to them, consultants do not merely exist to give you the details on Dubai free zone company formation cost or even to have a future reference about the documents required for trade license renewal in Dubai. Aside from helping you decide where to open a company in Dubai free zone, they will actually do the job for you. This is the main purpose of company formation consultants in Dubai. They are existing to ensure that your business setup in UAE free zones is taken care of and finish in the right timeframe.

It is therefore important to choose the right people for your side. With this, you can be sure to have your company established in a short time.

BENEFITS

Investors from different countries in the world find that business setup in Dubai free zones is a good investment and a good way for business expansion. Business owners who have the idea to have a business setup company in Dubai in DHC can definitely be sure that their businesses’ requirements will be met by the facilities and solutions of this location.

DHC offers a number of Dubai free zone benefits. The advantages that are being enjoyed by Dubai freezone companies in this location are listed below:

100% foreign ownership

In the UAE mainlands, it is a requirement to have a local sponsor before forming an organization. The aforementioned local sponsor will have 51% of the company’s shares. On the other hand, free zone company setup allows investors to begin with their free zone company registration Dubai without any local sponsor. Hence, the business owners will have 100% ownership of the company that they will establish.

Location

It is strategically situated between Europe and South-East Asia. It is established to be the catalyst of change in the healthcare industry since there seems to be a missing piece needed to further the growth of the country’s healthcare sector.

Tax exemption

The value-added tax has been implemented last 1 January 2018. Some goods and services have now VAT applied to them. It is perceived as banking on the negative side but it should be noted that the government is not asking for people to pay income and corporate taxes just yet. This is a brighter side of the situation. Investors can also see this as a big advantage because of this kind of tax exemption that most business owners look for.

The DHC offers more than the ones listed above and they are below:

No customs duty

No restrictions on capital, trade barriers, or quotas

Competitive pricing

Clinic lease/purchase options

BUSINESS ACTIVITIES

Businessmen should know that before choosing a location to carry out a freezone company formation, the business activities that are allowed in the chosen location should be checked firsthand. The business activities that are allowed in the DHC are listed below:

Healthcare Architectural & Engineering Consultancy

Healthcare Consultancy

Healthcare Development

Healthcare Management

Healthcare Operators

Hotel & Leisure Services

Diagnostic Laboratories

Medical and Biotech Research Labs

Nutrition

Optical

Pediatric

Pharmaceutical

Pharmacy

Physical therapy

IT Solutions

Financial Consultancy

Medical Equipment and Technologies

Nursing & Medical Education, etc.

SUPPORT SERVICE

For more than 30 years, FAR Consulting Middle East has stayed to be one of the top organizations offering business setup services in Dubai and in the whole UAE. Since we are knowledgeable in this field, we can provide all the details you need, even about the Dubai free zone company registration fees so you will be prepared for the cost you will incur.

When you let us take care of your Dubai free trade zone company registration, the services below are what we offer to provide to you:

Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)

Representing the client in front of the authorities

Assisting the client in bank account opening

Assisting the client in account opening with the Ministry of Labour

Assisting the client in account opening with the UAE immigration

Assisting the client in leasing a premise as an address for the business

TIMELINE/PROCEDURE

After your application is approved, the authority will issue an initial approval for your business. The next steps that will be taken are as follows:

Choose a ready-fitted office space from (DHCC) selection that’s the most appropriate size and layout for your business requirements

Or decide whether you’ll require DHCC-regulated contractors for fit-out service for your office or if you’ll be doing that independently

Then, once the office is finalized, the following steps will be taken:

Lease agreement will be prepared

Office keys can be collected

After that, we will start the preparation of the legal documents.

The procedure of processing your business setup in International Media Production Zone Dubai will range from 2 to 4 weeks

No objection letter by the current sponsor, for the manager (if a resident of UAE and a UAE employment visa-holder)

Initial approval(s) from the third authority(s) in case your business activities required such approvals, e.g., media, IT, pharmaceutical

Business plan (we offer business-plan-writing services)

A legal representative (negotiator)

Additional Documents Required for a Corporate Shareholder and for Branch

Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin.

Board resolution to be resolute by the board of directors of your existing company/entity at the place of origin, expressing intent of establishing a new setup abroad—it must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).

Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation of your existing company/entity attested and notarized by the UAE Embassy

FEES

Dubai Health Care Free Zone Company Setup Cost:

The below table shows the estimated cost of business setup in DHCC, which also includes the Dubai free zone license cost. If need be, you can contact us for further clarification and information.

Dubai Free Zone Company Formation Cost – DHCC Table of Estimated Government Cost and Professional Fees

Trade License Option/Activity

Cost in USD

Cost in AED

Industrial License

USD 2,570

AED 9,375

Commercial License

Specific Trading

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

General Trading License

USD 5,135

AED 18,750

Service License

Specific Services

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Freight Forwarding

USD 2,910

AED 10,625

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

Our Firm’s Professional Fees

USD 5,000

AED 18,365

ATTENTION – NOTE

All fees for government and related authorities are estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.

RELATED SERVICES

Besides our job of helping you with your company setup in Dubai, we have more services that we can offer to help you to start your company: